Sequoia, Alphabet, and the AI Capital Cycle | Bloomberg Tech 8/06/2026

Bloomberg’s Ed Ludlow breaks down Alphabet's latest jumbo bond sale, receiving about $115 billion of orders after looking to raise $25 billion, signaling renewed investor appetite for debt tied to the AI boom after a recent selloff. Plus, a rough day for Western Digital (WD) after the storage giant's shares slid after a disappointing outlook. And, Sequoia's leaders Alfred Lin and Pat Grady join to discuss the future of the storied venture capital firm. (Source: Bloomberg)

As Alphabet burns through cash on AI, it’s turning back to the bond market

Alphabet is utilizing its balance sheet with a fresh debt issuance as heavy AI investments eat into its free cash flow.

By Christine Ji

Hyperscaler Bond Spreads Blow Out After Google Shocks With Another $25 Billion Bond Offering

Hyperscaler Bond Spreads Blow Out After Google Shocks With Another $25 Billion Bond Offering After tightening sharply following last week's (pre-Situational Awareness) rout which sent hyperscaler CDS to the widest on record, AI bond spreads are blowing out again this morning - with SpaceX bonds - which have quickly emerged as the fulcrum bond security of the AI world - plunging this morning on news that for the third time in a year, Alphabet which has emerged as the credit (both...

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Alphabet Is Seeking Up to $25 Billion From Latest Bond Sale

Alphabet Inc. is looking to raise as much as $25 billion from its latest US investment-grade bond offering, a deal that will test investor appetite for AI-related debt following a July selloff.

By Brian Smith, Caleb Mutua, Michael Gambale